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Human Resource Management (usually referred to as HR) involves everything related to the employer-employee relationship and is about supporting and managing the organisation’s people and associated processes. It’s seen as a core business function essential to the organisation’s effective operation.

The Make in India initiative was launched by Prime Minister in September 2014 as part of a wider set of nation-building initiatives. Devised to transform India into a global design and manufacturing hub, Make in India was a timely response to a critical situation: by 2013, the much-hyped emerging markets bubble had burst, and India’s growth rate had fallen to its lowest level in a decade. The promise of the BRICS Nations (Brazil, Russia, India, China and South Africa) had faded, and India was tagged as one of the so-called ‘Fragile Five’. Global investors debated whether the world’s largest democracy was a risk or an opportunity. India’s 1.2 billion citizens questioned whether India was too big to succeed or too big to fail. India was on the brink of severe economic failure.4th March 2017 From India, Bangalore

My view : India itself vast domestic market for consumption to the manufacturing sector and need not entirely depend up on the world for markets.This apart, it can tap markets first in tit's neighborhood like Sri Lanka, Bangladesh,Indonesia, West Asia, Middle East and African countries for exports. It needs to streamline it's fiscal policies to increase the purchasing power of the public so that they can spend the money on domestic goods.At the same time it shall promote it's service sector like IT, ITES whose exports run into billions of dollars.This is my thought.
B.Saikumar
HR & Labour Law Advisor
Navi Mumbai4th March 2017 From India, Mumbai

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